A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Goods

Club Goods
Club Goods

Club goods (also artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs.

Common Goods
Common Goods

Common goods are defined in economics as goods which are rivalrous and non-excludable. Thus, they constitute one of the four main types of the most common typology of goods based on the criteria: whether the consumption of a good by one person precludes its consumption by another person (rivalrousness) whether it is possible to prevent people (consumers) who have not paid for it from having ...

Convenience Products
Convenience Products

A convenience good is a consumer item that is widely available and purchased frequently with minimal effort. Because a convenience good can be found readily, it does not typically involve an intensive decision-making process.

Private Goods
Private Goods

A private good is a product that must be purchased to be consumed, and its consumption by one individual prevents another individual from consuming it. Economists refer to private goods as rivalrous and excludable.

Shopping Products
Shopping Products

Definition of shopping good: ... what's predicted to be a somewhat lackluster holiday shopping season in ... how much you pay for certain products and ...

Speciality Products
Speciality Products

Specialty products have unique features and characteristics, as they are designed as a unique solution for a designated market group. Upgrading Another Brand Some companies exclusively sell specialty products that upgrade other products in the market.

Unsought Products
Unsought Products

Unsought products represent a difficult challenge for companies that produce and sell them. An unsought product is a product of which the consumer is unaware or that the consumer simply doesn't have a strong desire to purchase. Companies usually must use aggressive advertising and sales techniques to convert unsought products into sought products.

source: study.com